Demand was crimped by high interest rates which made investors reluctant to borrow from brokers to buy the shares, say analysts.
For months, executives from Anheuser-Busch InBev raced to prepare for a listing of its Asian subsidiary, Budweiser Brewing Company APAC. It should be this year’s biggest initial public offering and would surpass Uber.
The hope had been that the Belgian company’s leading position in the premium be...
